Exelon and Pepco Holdings provide update on post-merger progress

Written By: Stratton Report
September 19, 2016

Exelon

On September 19, Exelon announced that its merger with Pepco Holdings had resulted in progress on numerous environmentally-friendly goals, including a commitment by the combined utilities to $71.4 million in energy-efficiency program funding and to development of new solar-energy sources and additional support for renewable energy in the merged utilities’ service territories. Exelon also highlighted an improved online application for solar interconnection.

The two utilities also stressed that they had delivered over $153 million in bill credits to residential customers across all the former Pepco Holdings territories, forgiven $2.3 million of residential customer debt, were in the process of hiring more than 340 new employees, had committed $11 million to workforce development programs and had begun sharing best practices and resources across Exelon’s six utilities to improve reliability, storm response and customer service.

Dave Velazquez, president and CEO, Pepco Holdings observed:

“As promised, our customers are benefiting from more affordable, reliable and sustainable energy since we joined the Exelon family of companies,” said “Together with Exelon, we are stronger, more innovative and better-resourced and we plan to continue that progress for our customers.”

Chris Crane, president and CEO, Exelon remarked: “Since Exelon and Pepco Holdings became one company, our focus has been on delivering our customer service, community and economic commitments. Working together, we are providing world-class service, reliability, environmental sustainability and philanthropic support to the customers and communities we serve.”